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1990-403165 HRA RESOLUTION NO. 403 THE HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF RICHFIELD, MINNESOTA RESOLUTION AUTHORIZING THE SALE OF REAL PROPERTY LOCATED AT 6813 Logan Ave. So. 6313 Morgan Ave. So. To Marv Anderson Homes, Inc., In Accordance With A Development Agreement. WHEREAS, the Housing and Redevelopment Authority in and for the City of Richfield Minnesota (HRA) desires to develop certain real property pursuant to and in furtherance of the Expanded New Home Program Redevelopment Project (Project) heretofore adopted by the City of Richfield (City) and the HRA, said real properties .being described as follows: Lots li and 12, Block 5, Tingle Bros. Lincoln Hills Second Addition; and Lot 21, Block 9, Ray's Lynnhurst WHEREAS, the HRA is authorized to sell real property within its area of operation after public hearing; and, WHEREAS, a developer, Marv Anderson Homes, Inc., Bloomington, has been identified as the purchaser of the described property, in accordance with a development agreement; and, WHEREAS, the public hearing has been held after proper public notice; and, WHEREAS, the Planning Commission has made a finding that the disposition of the property for residential purposes is consistent with the comprehensive plan and the sale of 6313 Morgan is contingent on the granting of a variance by the City Hearing Examiner. NOW, THEREFORE, HE IT RESOLVED by the Richfield Housing and Redevelopment Authority: 1. A public hearing has been held and the following properties are sold to Marv Anderson Homes, Inc., in accordance with a development agreement with the HRA: 6813 Logan Ave. So. a) S28,200 (Lot 11) b) 527,200 (Lot 12) 6313 Morgan Ave. So. 525,200 HRA Resolution No. 403 -2- • 2. That the Chairperson and Executive Director are authorized r--- to execute the Development Agreement with Marv Anderson, ' Homes, Inc. Adopted by the Housing and Redevelopment Authority in and for the City of Richfield, Minnesota this 19th day~of November, 1990. ~,~° j - ~~ (/ homas E. Harms, Chairperson ATTEST: A ~~~) ~ ~"L~ ~ ~_ J~.n Helmberger, Secrete 1